US EditionTrump announces 10% baseline tariff on all imports, higher 'reciprocal' tariffs against select countries
- President Donald Trump announced a 10% baseline tariff on all imports and higher rates on countries with trade surpluses, fulfilling a key campaign promise to correct trade imbalances.
- Trump seeks to use the increased tariff revenue for tax cuts, primarily benefiting wealthy individuals, according to the Tax Foundation.
- The average U.S. Tariff is 2.2%, which is lower than the tariffs imposed by the European Union, China, and India.
- Critics, including William Reinsch and Robert D. Atkinson, argue that Trump's tariff approach unfairly penalizes allies and may lead to greater economic issues for Americans.
773 Articles
773 Articles
The High Point Enterprise
Countries eye trade talks as Trump tariff blitz roils markets
Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tanked over fears his trade war would damage the world economy.
Donald Trump's customs duties: the European Union says it's ready to react
The US President has put his threats into effect: he launched his major trade war called "liberation day." A basic customs duty of 10% is imposed on all goods imported into the United States. For about 60 countries, it is the cold shower. They are being imposed extra duties very high, levied on all or almost all of their exports. For its part, the European Union will be hit to the tune of 20% and already announces the response.
InsideNoVA.com
US trade partners eye talks after Trump tariff blitz
Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tumbled over fears his trade war would damage the world economy.
'Inflation day': How Germany is responding to the latest round of US tariffs
In the latest blow to the German economy, US President Donald Trump announced blanket tarriffs of 20 percent on all EU imports on Wednesday. How have German business leaders, politicians and the media responded to the news?
NOQ Report
Union Workers Say Trump’s Tariffs Are a “Very Positive Thing” for the Auto and Steel Industries
(DCNF)—Union workers in the automobile and steel industry said Wednesday that President Donald Trump’s tariffs on foreign imports is a “very positive thing” for their industries. Trump announced that the U.S. will be imposing reciprocal tariffs, including a 25% tax on imported automobiles, on nations that have placed taxes on American goods in hopes of returning manufacturing jobs to the U.S. In response, James Benson Jr., an auto worker from Mi…
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